How to bring a contract to an end
The ability to bring an end to a commercial relationship is fundamental. If you have entered into an agreement it is most likely that you entered into a written agreement at the start of your relationship which contains a ‘termination clause’. This is …
Indemnity Clauses in contracts and agreements
Commercial contracts and agreements contain a range of clauses designed to govern the relationship and protect the parties’ interests. Whether you are entering into a confidentiality agreement; an agreement to supply services; or an agreement to sell s …
After a century, the Supreme Court has reset and clarified the penalty rule
Many contracts include liquidated damages provisions agreed upon by all parties to the contract. Liquidated damages are an agreed sum which becomes payable upon breach of the contract by one of the parties to it. The general rule is that the agreed sum …
Changes in the new tax year regarding winding up
Many companies deliberate over whether and/or when to wind up their company when there is a desire to distribute its value. This decision may become a whole lot easier for companies to make further to the Draft Finance Bill 2016 and restrictions propos …
Key elements of a Franchise Agreement
The franchise industry is a booming one, worth over £10 billion. It offers a fantastic revenue and business model for franchisors and franchisees alike, with each benefitting from the others’ success. However, in order for the business venture to thriv …
Overage – Building Regs is the costly dark horse
Overage agreements are entered into between a Seller and Buyer where there is a reasonable expectation that the land has the potential to be redeveloped or for planning permission to be granted for development. The Seller is then entitled to a slice of …
New Pre-Action Protocol for Debt Claims – Is your Business ready?
On 1 October the new Pre-Action Protocol (“the Protocol”) for debt claims is due to come into force which will provide a Debtor with a full 30 days to respond to a Letter of Claim before a Creditor is able to issue proceedings with the Court. Whilst t …
Less than 1 week to go before the Money Laundering Regulations 2017 come into force – Are you ready?
The much awaited European Union’s 4th Money Laundering Directive has produced a 10 year update to the Money Laundering Regulations 2007. The Money Laundering Regulations 2017 come into force on the 26 June 2017. If you have not yet undertaken a review …
Lana Del Rey(diohead): Copyright claim made against Lana Del Rey
Copyright claim made against Lana Del Rey Lana Del Rey has announced that the last song on her latest album, “Lust for Life”, is falling subject to a copyright claim made by Radiohead. Lana has said that her song “Get Free”, has been accused of bearing …
General Election 2017 Will our analysis of the Tories manifesto pledges give Mrs May the blues?
With Brexit maintaining its position as being the political story on everyone’s lips, Teresa May’s decision to hold a general election on 8th June 2017 took many by surprise. The current government’s tenure will have lasted just over two years, the sho …
